Capital One upgraded to Positive from Neutral at Susquehanna Susquehanna upgraded Capital One citing better NCO's, strong organic card volumes, and expectations for a dividend increase in Q1. Price target raised to $69 from $60. Note that Janney Capital downgraded shares this morning.
Oversold bank stocks due for a bounce, says Baird Following the worst quarter for the S&P 500 and for the KBW Nasdaq Bank Index since the third quarter of 2011, Baird analyst David George contends that "broadly oversold" bank stocks are due for a bounce. The analyst believes that even in-line results should help improve the bearish sentiment on the sector and could see bouncebacks for defensive names like JPMorgan (JPM), PNC (PNC) and BB&T (BBT) as well as for higher-beta names like Bank of America (BAC) and Capital One (COF).